AES Gener and AES Energy Storage today announced the selection of
Parker-Hannifin to supply advanced battery energy storage systems for
their new Cochrane power station. The battery energy storage system will
be supplied by Mitsubishi Corporation with the lithium ion battery
module manufactured by GS Yuasa and the lithium ion battery cells by
Lithium Energy Japan, a joint venture of Mitsubishi Corporation and GS
Yuasa. The project is the companies’ third energy storage facility in
Northern Chile, integrating 20MW of advanced battery-based energy
storage with a 532MW thermal power plant. The project is owned by AES
Gener, the second largest power generator in the country, and Mitsubishi
Corporation.

“We are pleased to announce our relationship with Mitsubishi Corporation
and GS Yuasa, leading suppliers of advanced batteries and to continue
working with Parker, a leader in power conversion systems,” said Chris
Shelton, President of AES Energy Storage. “These are strong partners
among a robust global supply chain for energy storage.”

“We are very excited about this addition of the battery storage system
to our Cochrane power station. We already have battery energy storage
systems in our Angamos and Norgener power plants. It will be good for
the supply of power in the northern grid, and also for the stability of
the system,” said Felipe Cerón, CEO of AES Gener S.A.

The Cochrane facility being developed by AES Gener, will incorporate AES
Energy Storage’s Advanced Reserves product including patented controls,
a highly reliable modular system architecture, and industry leading
operational support. The advanced lithium-ion battery modules for the
project will be supplied by GS Yuasa, a world’s leading manufacturer of
batteries, and the battery cells will be supplied by Lithium Energy
Japan, a leading lithium ion battery manufacturer who supplies large
capacity cells to Automotive and Industrial Application from its world’s
first mass production plant. The Grid Services division of
Parker-Hannifin will provide power conversion and system-level services.
The battery energy storage systems in combination with the energy
produced by the Cochrane generating station will provide responsive,
reliable power in the Northern Grid.

“It is our great honor to cooperate with AES, a leader in grid storage,”
said Masaji Santo, Senior Vice President, Division COO of Environment
and Infrastructure Business Division of Mitsubishi Corporation. “We look
forward to working with AES in scaling up new systems to serve
reliability and peak power needs throughout the industry.”

“AES brings innovative solutions through their deep understanding of the
utility power sector,” said Jim Hoelscher, President, Grid Systems for
Parker-Hannifin. “We look forward to working on another storage project
in Chile and to continuing the work with AES though our new global Grid
Systems division.”

AES Gener and AES Energy Storage have previously developed energy
storage projects at the Norgener and Angamos power stations. The first
of these, the Los Andes Battery Energy Storage System (BESS) has been
delivering grid reliability services since 2009.

AES Gener’s principal business is the generation of electricity in the
long term, having achieved leadership in Chile based on its installed
capacity, diversification and integration of broad business
sustainability. At present, AES Gener has total installed capacity of
4,821 MW which includes hydroelectric, coal, natural gas, diesel and
biomass plants. In Chile, the Company operates in the Central
Interconnected System (SIC) and the Northern Interconnected System
(SING), accounting for 21% of the installed capacity in the country. AES
Gener also operates in Colombia, through AES Chivor, and Argentina,
through TermoAndes S.A. The Company is currently constructing new
generation plants (Ventanas IV) which will contribute additional
capacity of 272 MW to the Chilean electric market and also holds
environmental permits for new plants such as Alto Maipo, Cochrane,
Guacolda V and Los Robles. AES Gener has more than 1,100 employees. AES
Gener is owned 71% by AES Corp, an international power company with
presence in 27 countries.

About AES Energy Storage

AES Energy Storage is a subsidiary of the AES Corporation (NYSE: AES), a
company that has served utility customers around the world for 30 years,
helping them to deliver safe, reliable power. The company is a leader in
commercial energy storage partnerships, which enable utilities, power
markets and renewable developers to manage projects from concept to
operation. The company’s energy storage products unlock value from
existing power infrastructure liberating reserve capacity, enabling
renewable facilities to generate new revenue streams, improving
flexibility and reliability of the power system, and meeting peak power
demand. With 72MW online, AES Energy Storage has the largest fleet of
battery-based storage projects in commercial operation today. The
company has over 1,000MW in development with partners in the US and
abroad. To learn more, please visit www.aesenergystorage.com.

About Parker Hannifin Corporation

With annual sales exceeding $13 billion in fiscal year 2012, Parker
Hannifin is the world's leading diversified manufacturer of motion and
control technologies and systems, providing precision-engineered
solutions for a wide variety of mobile, industrial and aerospace
markets. The company employs approximately 60,000 people in 48 countries
around the world. Parker has increased its annual dividends paid to
shareholders for 56 consecutive fiscal years, among the top five
longest-running dividend-increase records in the S&P 500 index. For more
information, visit the company's web site at www.parker.com,
or its investor information web site at www.phstock.com.

About Mitsubishi Corporation

Mitsubishi Corporation is a global integrated business enterprise that
develops and operates business across virtually every industry including
industrial finance, energy, metals, machinery, chemicals, foods and
environmental business. MC’s current activities are expanding far beyond
its traditional trading operations as its diverse business ranges from
natural resource development to investment in retail business,
infrastructure, financial products and manufacturing of industrial
goods. With over 200 Offices & Subsidiaries in approximately 90
countries worldwide and a network of over 500 group companies, MC
employs a multinational workforce of nearly 60,000 people. To learn
more, please visit www.mitsubishicorp.com/jp/en/

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